Common use of Corporate Power; Authorization Clause in Contracts

Corporate Power; Authorization. Each of the Credit Parties has the corporate power and authority to make, deliver and perform the Credit Documents to which it is a party and has taken all necessary corporate action to authorize the execution, delivery and performance of such Credit Documents. No consent or authorization of, or filing with, any Person (including, without limitation, any governmental authority), is required in connection with the execution, delivery or performance by any Credit Party, or the validity or enforceability against any Credit Party, of the Credit Documents, other than such consents, authorizations or filings which have been made or obtained.

Appears in 7 contracts

Samples: Revolving Credit Agreement (Choicepoint Inc), Note Assignment Agreement (Fuqua Enterprises Inc), Revolving Credit Agreement (Choicepoint Inc)

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Corporate Power; Authorization. Each of the Credit Parties has the corporate power and authority to make, deliver and perform the Credit Documents to which it is a party and has taken all necessary corporate action to authorize the execution, delivery and performance of such Credit Documents. No consent or authorization of, or filing with, any Person (including, without limitation, any governmental authorityGovernmental Authority), is required in connection with the execution, delivery or performance by any a Credit Party, or the validity or enforceability against any a Credit Party, of the Credit Documents, other than such consents, authorizations or filings which have been made or obtained.

Appears in 5 contracts

Samples: Credit Agreement (Rock-Tenn CO), Credit Agreement (Rock-Tenn CO), Security Agreement (Rock-Tenn CO)

Corporate Power; Authorization. Each of the Credit Parties has the corporate power and authority to make, deliver and perform the Credit Documents to which it is a party and has taken all necessary corporate action to authorize the execution, delivery and performance of such Credit Documents. No consent or authorization of, or filing with, any Person (including, without limitation, any governmental authority), is required in connection with the execution, delivery or performance by any Credit Party, or the validity or enforceability against any Credit Party, of the Credit Documents, other than such consents, authorizations or filings which have been made or obtainedobtained (other than routine filings with the Securities and Exchange Commission).

Appears in 3 contracts

Samples: Credit Agreement (I M Acquisition Corp), Subsidiary Guaranty Agreement (Intermet Corp), Credit Agreement (Haverty Furniture Companies Inc)

Corporate Power; Authorization. Each of the Credit Parties has the corporate power and authority to make, deliver and perform the Credit Operative Documents to which it is a party and has taken all necessary corporate action to authorize the execution, delivery and performance of such Credit Operative Documents. No consent or authorization of, or filing with, any Person (including, without limitation, any governmental authority), is required in connection with the execution, delivery or performance by any Credit Party, or the validity or enforceability against any Credit Party, of the Credit Operative Documents, other than such consents, authorizations or filings which have been or will be made or obtained.;

Appears in 2 contracts

Samples: Loan Facility Agreement and Guaranty (Ruby Tuesday Inc), Loan Facility Agreement and Guaranty (Ruby Tuesday Inc)

Corporate Power; Authorization. Each of the Credit Parties has the corporate power and authority to make, deliver and perform the Credit Documents to which it is a party and has taken all necessary corporate action to authorize the execution, delivery and performance of such Credit Documents. No consent or authorization of, or filing with, any Person (including, without limitation, any governmental authority), is required in connection with the execution, delivery or performance by any Credit Party, or the validity or enforceability against any Credit Party, of the Credit Documents, other than such consents, authorizations or filings which that have been made or obtained.

Appears in 2 contracts

Samples: Credit Agreement (Nelson Thomas Inc), Credit Agreement (Nelson Thomas Inc)

Corporate Power; Authorization. Each of the Credit Parties has the corporate or limited liability company power and authority to make, deliver and perform the Credit Documents to which it is a party and has taken all necessary corporate or limited liability action to authorize the execution, delivery and performance of such Credit Documents. No consent or authorization of, or filing with, any Person (including, without limitation, any governmental authority), is required in connection with the execution, delivery or performance by any Credit Party, or the validity or enforceability against any Credit Party, of the Credit Documents, other than such consents, authorizations or filings which have been made or obtained.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Choicepoint Inc)

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Corporate Power; Authorization. Each of the Credit ------------------------------ Parties has the corporate power and authority to make, deliver and perform the Credit Documents to which it is a party and has taken all necessary corporate action to authorize the execution, delivery and performance of such Credit Documents. No consent or authorization of, or filing with, any Person (including, without limitation, any governmental authority), is required in connection with the execution, delivery or performance by any Credit Party, or the validity or enforceability against any Credit Party, of the Credit DocumentsDocuments to which it is a party, other than such consents, authorizations or filings which have been made or obtained.

Appears in 1 contract

Samples: Credit Agreement (Krystal Company)

Corporate Power; Authorization. Each of the Credit Parties Borrower and its Subsidiaries has the corporate power and authority to makeexecute, deliver and perform the Credit Documents to which it is a party and has taken all necessary corporate action to authorize the execution, delivery and performance of such Credit Documents. No consent or authorization of, or filing with, any Person (including, without limitation, any governmental authority), is required in connection with the execution, delivery or performance by any Credit Party, the Borrower or the validity or enforceability against any Credit Partyits Subsidiaries, of the Credit Documents, other than such consents, authorizations or filings which have been made or obtained.

Appears in 1 contract

Samples: Credit Agreement (American Healthcorp Inc /De)

Corporate Power; Authorization. Each of the Credit ------------------------------ Parties has the corporate power and authority to make, deliver and perform the Credit Documents to which it is a party and has taken all necessary corporate action to authorize the execution, delivery and performance of such Credit Documents. No consent or authorization of, or filing with, any Person (including, without limitation, any governmental authority), is required in connection with the execution, delivery or performance by any Credit Party, or the validity or enforceability against any Credit Party, of the Credit Documents, other than such consents, authorizations or filings which have been made or obtained.

Appears in 1 contract

Samples: Credit Agreement (Morrison Restaurants Inc/)

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